FAR (OTCMKTS:FARYF) Shares Up 13.2% – Time to Buy?

FAR Limited (OTCMKTS:FARYF) traded up 13.2% on Tuesday . The stock traded as high as $0.4148 and last traded at $0.4148. 3,000 shares changed hands during mid-day trading, The stock had previously closed at $0.3663.

FAR Price Performance

The stock has a 50 day moving average price of $0.33 and a 200-day moving average price of $0.28.

FAR Company Profile

FAR Ltd (OTCMKTS: FARYF) is an independent oil and gas exploration and production company with a strategic focus on offshore West Africa. The company’s principal assets are located in the Mauritania–Senegal Basin, where it holds equity interests in deepwater exploration blocks. Through partnerships with industry players, FAR participates in appraisal and development activities aimed at advancing discovered hydrocarbon resources toward commercial production.

Since its establishment in 2002, FAR has built a portfolio of exploration licences that encompass both contingent gas resources and exploration upside.